Our Approach

  • Collect all project preliminary notices.

  • Required that all vendors and subcontractors submit a sworn statement of suppliers- any entity that may have lien rights.

  • Routinely collect waivers from all known vendors, suppliers and subcontractors on the project.

  • Issue progress payments to all tiered vendors, suppliers or subcontractors that have supplied materials or labor to the project.

  • Track vendors cost to complete with known amounts to all 3rd party vendors.

  • Routinely inform the project stakeholders on payments made and pending to all vendors.

Book

FAQs

Why track all vendors, suppliers and subcontractors on the project?

Any entity that supplies labor, materials or services to the project may have lien rights. Tracking amounts owed in real time throughout the project reduces the risk of unknown entities requiring payment after project completion.

Why isn’t the General Contractor or 1st Tier Subcontractors Responsible for this?

Ultimately, the project’s key stakeholders are responsible for assuring all vendors, suppliers and subcontractors are paid for service, labor or materials supplied to their project.

How do we get started?

Please contact us to discuss your projects unique requirements and if Stewardship Funds Control can help.